Network Offboarding Announcement: Mars, Secret, Gelato, and Evmos

At Chorus One, our primary goal is to provide our users with the best possible experience across a wide variety of networks. In light of current market conditions and lower network activity, we’ve made the decision to offboard a few networks. This change allows us to streamline our focus and dedicate more resources to networks that offer stronger long-term growth and user adoption.

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Networks being offboarded:

• Evmos
• Mars
• Secret
• Gelato

Why we're making this change:

While we have enjoyed working with and supporting these networks, we’ve observed a few trends that have led to this decision:

1. Market Conditions: The volatility and price movement of these tokens have impacted their sustainability from a node operation perspective. In uncertain market conditions, it’s crucial for us to prioritize networks that show resilience and consistent growth.
2. Low Network Activity: Despite their early potential, the applications and user adoption on these networks have not reached the levels necessary to justify continued support. In our commitment to delivering the best experience to our users, we believe it’s important to focus on networks with higher engagement and vibrant ecosystems.

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What does this mean for you?

If you’re currently staking tokens on any of the networks we are offboarding, please take note of the following important details:

• Migrate your stake to a different validator:
  We kindly ask that you migrate any tokens you have staked on Mars, Secret, and Gelato by November 10th to a different validator. After this date, staking services on these networks will no longer be supported, and it’s important to ensure your tokens are securely unstaked before then.
• Evmos:
  With the recent upgrade in the network, the validator set was reduced to just a small number of slots. With Chorus One node already out of the active set, we have already completed the off-boarding process for Evmos. If you have any questions regarding this transition, please feel free to reach out to our support team.

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An update on staking fees

In alignment with our focus on networks that demonstrate long-term sustainability and growth, we will be adjusting our staking fees on the following networks:

• Agoric: 15%
• Celo: 10%
• Dymension: 10%
• Kava: 15%
• Kyve: 10%
• Oasis: 8%
• Persistence: 15%
• Polygon: 12.5%
• Regen: 20%
• Stargaze: 10%
• XPLA: 15%

These fee changes reflect our ongoing efforts to ensure high-quality service while maintaining sustainable operations across networks with strong potential.

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Looking forward:

This decision allows us to allocate more resources and attention to the networks that show the most promise in terms of activity, user growth, and long-term sustainability. As we continue to grow and evolve, we remain committed to offering the best staking services and supporting the most innovative and active networks in the industry.

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Need help?

If you have any questions or need assistance with unstaking your tokens, our support team is here to help. Feel free to reach out to us via support@chorus.one.

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About Chorus One

Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 60 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit chorus.one or follow us on LinkedIn, X (formerly Twitter), and Telegram.